Wheelers Books
Uncommon Sense: Investment Wisdom Since the Stock Market's Dawn

Uncommon Sense: Investment Wisdom Since the Stock Market's Dawn (Paperback)

By Kemp, Michael
Foreword by Pape, Scott

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To beat the market you need a deep understanding of everything that investing can throw at you. That understanding is hard earned. The irony is the more you learn about investing, the more you appreciate how simple the process needs to be. That's not to say that financial markets... are simple, or that, given enough time and education, one day you'll find them simple, or that you can treat the process casually and win. Quite the opposite on all three counts. As your appreciation of financial markets develops it will become clear that they are too complex to be completely understood. So our only hope is to interact with them in a simple way. This was a truth held by Charles Dow, the founder and first editor of the Wall Street Journal and a great investment thinker. He described how experienced Wall Street operators felt in his editorial of 20 November 1901: The more they actually know, the less confident they become. But until you appreciate the complexity, until you get your mind around the complications, intricacies and difficulties the market can throw at you, you won't have the capacity to undertake this simplification. In Goethe's words, you would be acting without insight . Despite the complexity and contradiction of financial markets, there's no shortage of people who claim to see order where there is none. You see them every night on TV offering concise explanations for the inexplicable. This does no more than perpetuate the myth that financial markets can be easily understood and described. The aim of this book is to get you thinking; to become a serious investor you need to question and doubt; to challenge every word delivered by articulate men in pinstriped suits; to appreciate where the limits of reason lie. Then you'll be better placed to make your own investment calls.
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ISBN 9780730324249
Published AU 9 Oct 2015
Publisher John Wiley & Sons Australia Lt
Format Paperback
Availability
41 In stock at publisher; delivery usually 15-20 working days due to covid19 delays

Full details for this title

ISBN-13 9780730324249
Stock Available
Status In stock at publisher; delivery usually 15-20 working days due to covid19 delays
Publisher John Wiley & Sons Australia Lt
Imprint Wrightbooks
Published 9 Oct 2015
Publication Country Australia Australia
Format Paperback
Author(s) By Kemp, Michael
Foreword by Pape, Scott
Category Finance & Accounting
Stocks & Shares
Personal Finance
Australian
Number of Pages 380
Dimensions Width: 155mm
Height: 233mm
Spine: 21mm
Dewey Code 332.6
Weight 520g
Interest Age General Audience
Reading Age General Audience
Library of Congress Investments, Investments - History, Stocks, Stock exchanges
NBS Text Money & Consumer Issues
ONIX Text General/trade;Professional and scholarly

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